Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) Sees Strong Trading Volume – Here’s What Happened

Shares of Direxion Daily FTSE China Bull 3X Shares (NYSEARCA:YINN) saw unusually-strong trading volume on Monday . Approximately 2,468,917 shares were traded during mid-day trading, a decline of 35% from the previous session’s volume of 3,821,303 shares.The stock last traded at $27.97 and had previously closed at $27.57.

Direxion Daily FTSE China Bull 3X Shares Stock Performance

The firm has a market capitalization of $1.13 billion, a PE ratio of 4.13 and a beta of 2.93. The business’s fifty day simple moving average is $29.39 and its 200-day simple moving average is $27.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of Direxion Daily FTSE China Bull 3X Shares by 6.1% during the 3rd quarter. Barclays PLC now owns 24,438 shares of the exchange traded fund’s stock valued at $902,000 after acquiring an additional 1,400 shares during the last quarter. Flow Traders U.S. LLC raised its stake in Direxion Daily FTSE China Bull 3X Shares by 131.6% during the third quarter. Flow Traders U.S. LLC now owns 49,987 shares of the exchange traded fund’s stock valued at $1,846,000 after purchasing an additional 28,404 shares in the last quarter. Covestor Ltd purchased a new stake in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at $88,000. Strategic Wealth Investment Group LLC bought a new position in Direxion Daily FTSE China Bull 3X Shares during the third quarter valued at $860,000. Finally, Gateway Advisory LLC grew its stake in shares of Direxion Daily FTSE China Bull 3X Shares by 20.0% in the 2nd quarter. Gateway Advisory LLC now owns 18,000 shares of the exchange traded fund’s stock worth $402,000 after buying an additional 3,000 shares in the last quarter.

About Direxion Daily FTSE China Bull 3X Shares

Direxion Daily China Bull 3x Shares ETF (the Fund) seeks daily investment results of 300% of the price performance of the BNY China Select ADR Index (the China Index). The China Index is a free float-adjusted capitalization-weighted index designed by the Bank of New York to track the performance of a basket of companies who have their primary equity listing on a stock exchange in China and which also have depositary receipts that trade on a United States exchange or on the National Association of Securities and Dealers Automated Quotation.